Erwin van Laethem will succeed Peter Terium as CEO of Essent N.V.

Erwin van Laethem, currently Chief Commercial Officer of Essent N.V. based in Den Bosch, Nether-lands, has been appointed as CEO of the company by the Raad van Commissarissen of Essent N.V. (comparable with a Supervisory Board) with effect from 1 January 2012. The Group Works Council of Essent has endorsed the appointment. End Quote

(1888PressRelease) December 17, 2011 - Van Laethem (47) will succeed Peter Terium, who has been a Member of the Executive Board of RWE AG and deputy Chairman of the RWE AG Executive Board since 1 September 2011 – in parallel with his position as CEO of Essent. Terium will take over from Dr. Jürgen Großmann as CEO of the Executive Board of RWE AG on 1 July 2012. Jürgen Großmann will then leave the Group.

Van Laethem has been a Member of the Executive Board of Essent N.V. as Chief Commercial Officer since October 2009. Previously he was CEO of Essent Belgium N.V. and Director “Service & Sales Essent Netherlands” in dual function since 2006. Erwin joined Essent after an international career at Shell, where he has held a number of operational and strategic management positions. He is Belgian and holds a university degree in Engineering and an MBA from the University of Brussels.

Rein Willems, Chairman of the Supervisory Board of Essent N.V., declared: “Erwin is an outstanding manager who we have appointed following a very thorough selection process to find a successor for this position. He has known Essent for many years and most importantly brings all the market expertise and operational experience required for the position of the CEO. He will lead Essent, the Dutch subsidiary of the RWE Group, successfully through the changes already launched at the company in a dramatically altering market environment.”

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